Rates and Charges
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES UPTO 30-09-2022
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | R200 |
| Minimum Balance Required to open account with cheques book facility | R500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | R500 |
| Lost/ Replacement of Bank Card. | R 50 |
| Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) | R 50 p.m |
| Maintenance of Dormant a/c* | No charge |
| (*When account is not operated for -2-years) | – |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages R130, 100 pages R200 |
| Duplicate statement | R10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | R5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages R130, 100 pages R200 |
| Cheque returned for insufficient funds | R500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
| Request archive statements(30 entries per page) | R10 per page |
| Maintenance of Dormant a/c* (*When account is not operated for-1- year) |
Nil - |
| Automated transfers | FREE |
| Balances below R5000 | R200 p.m |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Maintenance fee(half yearly) | R100 |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | R20 per page |
Foreign Currency Current Account
| Minimum Balance Required to open Foreign currency account a) For salary A/c b) For others |
Equivalent to USD 25 Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | 5No charge |
| Local cheque collection | SD5 |
| Cheque book 50pages(Current Account)) | USD10 |
Fund Transfers
| LOCAL PAYMENTS | |
|---|---|
| Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
| Fund transfer through SWIFT (for any amount) | R50 |
| Banker’s cheques | R50 |
| FOREIGN PAYMENTS | |
| SWIFT/ TT ( in case currency/country differs) | |
| Transfer to India in INR through Rapid Funds to India | SCR 35 or equivalent |
| (** plus correspondence bank charge, if any) | |
| Foreign Drafts | R400 |
| Cancellation of draft | R50 |
Standing Orders
| Current a/c & Savings a/c(Internal transfer) | No charges |
| Current a/c & Savings a/c(External payment) EFT | R20/- |
| Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
| New standing order set up for external remittance.(One time) | Rs25/- |
| Unpaid due to insufficient funds | R500 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months 50% p.q. or part thereof |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client’s request | R125 |
Documentary Credits (Outwards)
| Notification | No charge |
| Acceptance | 0.50%minUSD40 |
| Confirmation | No charge |
| Negotiation | 0.50%minUSD40 |
| Opening/ Transferring | 2%p.q minR400 |
| Drawing/verification of documentation | R100 |
| Amendment | 2% of increased amount, min. R250. |
| Shipping guarantee | R500 |
| Telex/ Fax/ Swift sent at client’s request | R125 |
Loan and Advances Fees
| Business O/D & loans – fresh /renewal fee | 1%minR300 |
| Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
| Personal loan fresh only | 1% MinR400 MaxR1000 |
Home loan: upto SCR 1.5 Mn |
SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
| Car loan (fresh only) | Car Loan-1% MinR300 |
| Loans – full pre-payment fee | No charge |
| Loan/OD against FDR | SCR300 (FOR ANY LIMIT) |
| C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ————- |
——————————————— No charge |
| Detail of loan repayment | No charge |
| Pre-mature closure | No charge |
| Part-repayment (require rescheduling) | No charge |
| Prepayment charge: Loan in SCR currency Loan in Fgn currency |
-NIL- 3% on prepayment amount |
| Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
| Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
| Penalty interest rate | 2%p.a+ normal interest rate |
| Legal Fee(as charged by the lawyers) | Actual |
| Loan – cancellation of agreement (pre-disbursement) | R500 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1%p.a MinR500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | R200 |
| Courier Charges | Actual |
| Non-Standard Cheques for collection | SCR100 per cheque. |
Miscellaneous
| Bank audit report to company’s auditors | Balance confirmation only-R100,Also other detailsR200 |
| Status report for customers | R100 |
| Safe custody | R500 to R2000 p.a. depending on the size of the lockers |
| Attestation of documents | R50 per documents |
| Loss of wallet/ key | R5000 |
Internet Banking Facilities
| Transaction based | Free of cost |
Abbreviations
| p.m – Per Month | PLR—11.00%p.a w.e.f 16-04-2018 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4618000 ,4618001,4618002,4618009 & 4618011 |
| a/c – Account | |
| max – Maximum | |
| LC – Letter of Credit | |
| p.a – Per Annum | |
| Fgn – foreign |
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES W.E.F 01-10-2022
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | R200 |
| Minimum Balance Required to open account with cheques book facility | R500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | R500 |
| Lost/ Replacement of Bank Card. | R150 |
| Balances below specified amount i.e R200/-(without cheque book)& R500/- (with cheque book) | R50 p.m |
| Maintenance of Dormant a/c* | No charge |
| (*When account is not operated for -2-years) | - |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages R175, 100 pages R250 |
| Duplicate statement | R10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | R5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages R175, 100 pages R275 |
| Cheque returned for insufficient funds | R500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
| Maintenance of Dormant a/c* | Nil |
| (*When account is not operated for-1- year) | - |
| Stop payment of cheque (per leaf) | R100 |
| Automated transfers | FREE |
| Balances below R5000 | R200 p.m |
| Maintenance fee(half yearly) | R100 |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | R20 per page |
Foreign Currency Current Account
|
Minimum Balance Required to open Foreign currency account a)For salary A/c For others |
Equivalent to USD 25 Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | No charge |
| Foreign currency account maintenance |
Non-Individuals (Per month)
USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively Individuals (Per month) USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively |
| Transfer within branch | No charge |
| Cash withdrawal | No charge |
| Cash deposit | No charge |
| Local cheque collection | USD 5 , GBP 5 , EUR 5 as the case may be |
| Cheque book 50pages(Current Account)) | USD15 |
Fund Transfers
| Local Payments | |
|---|---|
| Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
| Fund transfer through SWIFT (for any amount) | R50 |
| Banker's cheques | R50 |
| Foreign Payments | |
| SWIFT/ TT ( in case currency/country differs) | 0.25% plus correspondent Bank Charges, if any. Min – USD 10 , Maximum USD 100 |
| Transfer to India in INR through Rapid Funds to India (against USD/EUR/GBP) | SCR 60 |
|
Transfer to India in INR through Rapid Funds to India (against SCR) Upto SCR 50000 More than SCR 50000 |
SCR 75 SCR 90 |
| (** plus correspondence bank charge, if any) | |
| Foreign Drafts | R400 |
| Cancellation / Revalidation of draft / Banker’s Cheque | R100 |
Standing Orders
| Current a/c & Savings a/c(Internal transfer) | No charges |
| Current a/c & Savings a/c(External payment) EFT | R20/- |
| Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
| New standing order set up for external remittance.(One time) | Rs25/- |
| Unpaid due to insufficient funds | R100 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months 50% p.q. or part thereof |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Transferring of LC | No charge |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client's request | R125 |
Documentary Credits (Outwards)
| Notification | No charge |
| Acceptance | 0.50%minUSD40 |
| Confirmation | No charge |
| Negotiation | 0.50%minUSD40 |
| Opening/ Transferring | 2%p.q minR400 |
| Drawing/verification of documentation | R100 |
| Amendment | 2% of increased amount, min. R250. |
| Shipping guarantee | R500 |
| Telex/ Fax/ Swift sent at client's request | R125 |
Loan and Advances Fees
| Business O/D & loans - fresh | 1% min R300 |
| Business O/D & loans – Renewal | 1% min R300 max R50000 |
| Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
| Personal loan -On Sanction | 1% MinR400 MaxR1000 |
| Home loan: upto SCR 1.5 Mn Above SCR 1.5 Mn | SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
|
Car loan - On sanction Review/Renewal |
1% MinR300
R100 |
| Loan against SCR denominated FDR |
SCR 500 for loan upto SCR 1 Mn SCR 1000 for loan above SCR1 Mn |
| Loan/OD against Foreign currency FDR (Fresh) | 0.25% of Loan amount with Min R500 |
| OD against Foreign currency FDR (Review) | SCR 500 for loan upto SCR 1 Mn 0.10% maximum 10,000 for above SCR1 Mn |
| C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ------------- | For Loan upto SCR 1 Mn : R1500 For loan above SCR 1 Mn : R5000 |
| Detail of loan repayment | No charge |
| Pre-mature closure | No charge |
| Part-repayment (require rescheduling) | No charge |
| Prepayment charge: Loan in SCR currency Loan in Fgn currency | -NIL- 3% on prepayment amount |
| Overdue penal interest | 2%p.a on overdue amount |
| Legal Fee(as charged by the lawyers) | Actual |
| Loan - cancellation of agreement (pre-disbursement) | R500 |
| Loan Eligibility Letter | R300 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1% p.a Min R500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | R200 |
| Courier Charges | Actual |
Miscellaneous
| Bank audit report to company's auditors | Balance confirmation only-R100, with other detailsR200 |
| Status report for customers | R100 |
| Safe custody / Locker | Small – R1200 p.a. Medium- R2000 p.a., Large – R3000 p.a. |
| Attestation of documents | R100 per documents |
| Loss of wallet/ key | R5000 |
Internet Banking Facilities
| Transaction based | Free of cost |
Debit card
| First card issuance | Free |
| Regeneration of PIN | Free |
| Reissuance of lost card | R150 |
Abbreviations
|
p.m - Per Month a/c - Account max - Maximum LC - Letter of Credit p.a - Per Annum Fgn - foreign |
PLR---9.25% W.E.F. 01-10-2021 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4673914,4673915,4673901 |